PACE Financing Set to Expand Commercial PV Market via @REWorld

In the United States, access to third-party financing has been a main driver in bringing solar projects of all sizes across the finish line. Availability of third-party power purchase agreements (PPAs) and leases has enabled rapid solar adoption within the residential sector and with larger commercial solar projects. However, smaller commercial projects, or those under 1 megawatt (MW), have had relatively limited or no access to capital due to higher transaction costs, lower returns, and unrated or non-investment grade credit of some project owners. Commercial Property Assessed Clean Energy (PACE) financing could fill the gap for smaller commercial customers eager to cut energy costs. How PACE works: a real estate owner, if eligible, can receive financing for 100 percent of his or her energy saving initiatives from a PACE administrator, to be repaid as a property tax asses...